P/E ratio for Tecnoglass (TGLS)
P/E ratio as of May 2024 (TTM): 12.6
According to Tecnoglass's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.6069. At the end of 2022 the company had a P/E ratio of 9.39.
P/E ratio history for Tecnoglass from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.39 | -49.08% |
| 2021 | 18.4 | 41.46% |
| 2020 | 13.0 | -14.06% |
| 2019 | 15.2 | -62.4% |
| 2018 | 40.4 | -12.16% |
| 2017 | 45.9 | 181.25% |
| 2016 | 16.3 | -154.68% |
| 2015 | -29.9 | -288.34% |
| 2014 | 15.9 | -617.52% |
| 2013 | -3.06 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 PPG Industries
PPG | 22.4 | 77.89% | 🇺🇸 USA |
 Huttig Building Products HBP | -357 | -2,929.14% | 🇺🇸 USA |
 Masonite DOOR | 16.8 | 33.55% | 🇺🇸 USA |
 PGT Innovations
PGTI | 21.8 | 72.58% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.